BENEFACTIONS OF THE LATE MRS. MARY E. BOYD LISTED IN WILL FILED FOR PROBATE McKinney Lady Died May 24th Last – Document Disposes of Estate Valued at $200,000.00 – Bulk of the Fortune Left to Relatives – However Valued Bequests Given to Boyd High School, McKinney Public Library and Scottish Rite Hospital For Cripple Children in Dallas – Residue to go Into Permanent Fund for Schooling Worthy White Boys and Girls of Collin County.McKinney Weekly Democrat, August 5, 1937 One of the most interesting legal documents ever filed for probate in Collin County is the will of the late Mrs. Mary E. Boyd, widow of the late Capt. W. L. Boyd, McKinney capitalist and business man who died about thirty years ago. His widow passed away at the family home in McKinney, on May 24, this year. According to Judge H. L. Davis, who wrote her will a little more than a year before her death, and who has been her attorney in recent years, the value of Mrs. Boyd’s estate is in the neighborhood of $200,000.00 in farmland and city property, the rest being represented by cash in banks and various stocks and bonds. It is quite a liquid estate, but will require several months to wind up according to the terms of the will and to carry into effect. The Trustees designated in her will to carry its stipulations into effect and wind up the large estate are J. Chester Bowen of Chevy Chase, Maryland; Hon. Marion S. Church of Dallas and Judge H. L. Davis of McKinney. About $120,000 in bequests were made by the testator in her will including a gift of $1000 in cash to the Boyd High School to be used for educational purposes. Her residence property, where she died on West Louisiana Street, is a gift to the McKinney Public Library. Ten thousand dollars is given to the Scottish Rite Crippled Children’s Hospital, in Dallas, to which worthy humanitarian institution she had given several farms during the latter years of her life. The residue of her estate, after other bequests to relatives is to go into the "W. L. Boyd and Mr. W. L. Boyd Schooling Fund" to be administered by three trustees in perpetuity, its income to be used to help worthy poor white boys and girls of Collin County in securing an education. The size of this "Schooling Fund," Judge Davis says, is dependent upon the amount of inheritance tax to be levied upon the estate by the State and Federal governments. Capt. And Mrs. Boyd has no children nor surviving brothers or sisters. *** Mrs. Mary E. Boyd’s Will THE STATE OF TEXAS, COUNTY OF COLLIN. KNOW ALL MEN BY THESE PRESENTS: That I, Mary E. Boyd of Collin County, Texas, being in good health, sound and disposing mind and memory, mindful of the uncertainty of life and the certainty of death, wishing to dispose of the effects, which it has pleased Almighty God to bless me with, while I have the strength of mind and body so to do, make, publish and declare this to be my last will and testament, hereby revoking all wills by me at any time heretofore made. 1. It is my desire that all my just debts be paid by my executors hereinafter named, and that my body be buried beside my husband, on the north side, in Pecan Grove Cemetery, in McKinney, Texas, and that my name and date of my death be carved on the monument. 2. I give, bequeath and devise to the Boyd High School of the city of McKinney, the sum of one thousand dollars for such improvements as is necessary for the advancement of educational purposes. 3. I give, bequeath and devise to the McKinney Public Library of the city of McKinney, Texas, my residence and lot where I now reside at 411 West Virginia in the city of McKinney, and all improvement thereon, not to include the vacant lots or lands adjoining said resident lot, and I authorize and empower my executors to execute and deliver to said McKinney Public Library a proper deed of conveyance therefor, as soon after my death as conveniently can be done. 4. I give and bequeath to Edwin Crain of Anoka, Minnesota, the sum of five thousand dollars; to Burt Crain of Los Angeles, California, the sum of five thousand dollars; to Della Crain Toeplemen of Henderson, North Carolina, the sum of three thousand dollars; to May Kinsey Morefoot of Nevada, Iowa, the sum of three thousand dollars, also Mr. Boyd’s portrait, my diamond pin of Mr. Boyd’s, my large photo, the Swiss Clock and Lansisers puppies, to Roy Crain of the state of Iowa the sum of five thousand dollars, the above named legatees are the children of my deceased brother Chester Crain; to LeRoy Toepleman, son of said Della Crain Toepleman, the sum of three thousand dollars; to Elizabeth Toepleman, daughter of said LeRoy Toepleman, the sum of three thousand dollars for her educational expenses; to Lloyd Kinsey, Sr., son of said May Kinsey Morefoot, the sum of five thousand dollars; to Phillis Kinsey and Lloyd Kinsey, Jr., the children of Lloyd Kinsey, Sr., the sum of one thousand dollars each, for education expenses; to Earl Kinsey, son of May Kinsey Morefoot, the sum of five thousand dollars, and to his wife, Lonora Kinsey my French clock; to W. L. Boyd Kinsey, Mr. Boyd’s name sake, son of Earl Kinsey, the sum of five thousand dollars to be used for his education expenses, and an additional sum of twenty-five thousand dollars to be paid to him at his twenty-first birthday, the income from said last named sum can be used for his education or other necessary expenses; and to each of the other six children of said Earl Kinsey I give the sum of three hundred dollars; $1800.00 for the six; to Margaret Dirksen, daughter of May Kinsey Morefoot, the sum of three thousand dollars, also four of her mother’s paintings, Pharoes’ Horses, Country Scene, Dog Heads and Maggie Shain’s photo; to Hilda Griffith the sum of two thousand dollars; to Mary Elliot Griffith my name sake, daughter of Hilda Griffith, the sum of five thousand dollars for her educational expenses and in addition thereto the sum of twenty-five thousand dollars to be held in trust for her during her natural life, she to receive the income from said sum during said time with the right of disposition of said trust fund to take effect at the time of he death, and in case she should die without making such disposition, then said trust fund shall descend and vest in her descendants in accordance to the law of descent and distribution o the residue of said legatee; to J. Chester Bowen the sum of two thousand dollars, and to his wife Grace Bowen the sum of two thousand dollars; and to Cora Bowen the sum of two thousand dollars. In case any of said legatees shall died before me, leaving descendants in case said W. L. Boyd Kinsey shall died before he arrives at the age of twenty-one years, I give and bequeath such legacies to such descendants respectively to be paid and distributed in each case according to the law of descent and distribution of the residence of respective legatee or legatees. 5. I give and bequeath to the Texas Scottish Rite Hospital for rippled Children of Dallas, Texas, the sum of ten thousand dollars. 6. I have heretofore given to Edgar Meadly and Mrs. Mary J. Havens, nephew and niece of Mr. Boyd’s, the sum of eight thousand two hundred dollars ($4100.00 each), in settlement of their part and all claims, if any they may have had in Mr. Boyd’s estate, and they are not to take or receive any part of my estate. 7. I authorize and empower my said executors to sell, dispose of and convey any portion of my estate, real and personal, except specific bequests for the purpose of paying my just debts, funeral charges, expenses incident to the probate of this will and to pay each and all of the said above named legatees the amounts herein bequeathed to them, respectively, in full. 8. It is my earnest desire to help, aid and assist poor, worthy and ambitious boys and girls of Collin, Texas, to acquire an education so that they may be better fitted and qualified to make good and useful citizens, and to that end, I give, bequeath and devise all the rest, residue and remainder of my estate, real, personal or missed herein above undisposed of to J. Chester Bowen of Chevy Chase, Maryland, Marion Church of Dallas, Texas, and J. L. Davis of McKinney, Texas, in trust and held by them and their successors, in a fiduciary capacity, in perpetuity for the uses and purposes in the manner herein stated and set forth. The said bequest shall perpetually be called and known as the "W. L. Boyd and Mrs. W. L. Boyd Schooling Fund." As soon as practical, the real estate, included in this bequest, shall be sold and the entire proceeds from said sale, or sales, together with all funds and effects then remaining belonging to said estate, shall constitute and form a permanent fund to be kept intact and not to be utilized, or diverted for any purpose and shall be invested and reinvested in such securities as said trustees shall consider safe investments for the purpose of producing an income to be utilized as provided by this will, using the interest and income from said permanent fund only for the purpose hereinafter set forth. The securities belong to said permanent fund shall be kept in a safe deposit box in some bank or trust company, and monies on hand to be deposited in some bank or trust company. The income from said permanent fund shall be known as the available fund and shall be used by said trustees to assist white boys and girls under twenty-one years of age of Collin County, Texas, that is at the time of selection as beneficiaries of the fund they must be under the age of twenty-one years, in obtaining an education in any school in Texas, approved by said trustees, and the amount to be expended on any such boy or girl shall not exceed the sum of five hundred dollars in any one year; in case of sickness an additional allowance may be made in the discretion of the trustees, and the length of time during which assistance shall be rendered to any individual boy or girl shall be in the discretion of the trustees, provided however it shall not exceed four years. It is my desire in making selections by said trustees, they shall show no partiality between boys and girls as such and, in their discretion, will choose those, who are least pecuniary able to pay for their schooling and who are morally and mentally worthy and competent. It is hoped that the beneficiaries of this fund, in future years, may be able and willing to add to this fund and assist in doing unto others as has been done unto them. The reason why I have limited the amount that each boy or girl shall receive in any one year is that they should help themselves as far as possible and to encourage thrift and economy. The trustees may require reports to be rendered by each person receiving assistance and may also require reports from the school attended The trustees of this fund may incorporate, employ a fiscal agent, increase their number, or take any other legal action necessary, or advisable, properly to carry out the provision of this bequest. When a vacancy occurs by death or resignation of one of the trustees, or the failure of one to accept and qualify, the remaining trustees shall as soon as practicable, appoint, or elect, a successor. The trustees shall be a self-perpetuating body in perpetuity. The trustees shall serve without compensation other than necessary expenses in preserving and perpetuating this fund and the proper distribution of the available fund. The trustees shall publish annually a report of their doings in the newspapers of McKinney, except that the beneficiaries of this fund shall not be named in the report. 9. If any of the legatees contests this, my last will and testament, then said contestant or contestants shall receive no part whatever of my estate. If such an event happens, I hereby revoke and devise or bequest herein made to such contestant or contestants, and that part of my estate devised and bequeathed to such contestant or contestants shall revert and go into the residuary fund and [missing]